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Intuitive Surgical, Inc. (ISRG) closed the latest trading day at $539.54, indicating a -0.58% change from the previous session's end. This change was narrower than the S&P 500's 0.67% loss on the day. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq depreciated by 1%.
Coming into today, shares of the company had gained 6.8% in the past month. In that same time, the Medical sector lost 1.06%, while the S&P 500 gained 10.65%.
The investment community will be closely monitoring the performance of Intuitive Surgical, Inc. in its forthcoming earnings report. On that day, Intuitive Surgical, Inc. is projected to report earnings of $1.93 per share, which would represent year-over-year growth of 8.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.35 billion, up 16.81% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.86 per share and a revenue of $9.65 billion, signifying shifts of +7.08% and +15.56%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Intuitive Surgical, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.08% lower. Right now, Intuitive Surgical, Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Intuitive Surgical, Inc. is currently trading at a Forward P/E ratio of 69.06. For comparison, its industry has an average Forward P/E of 25.12, which means Intuitive Surgical, Inc. is trading at a premium to the group.
We can also see that ISRG currently has a PEG ratio of 4.21. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Medical - Instruments was holding an average PEG ratio of 2.11 at yesterday's closing price.
The Medical - Instruments industry is part of the Medical sector. With its current Zacks Industry Rank of 91, this industry ranks in the top 37% of all industries, numbering over 250.